Hydro One Limited (TSE:H) Given Average Recommendation of “Hold” by Brokerages

Shares of Hydro One Limited (TSE:H) have been given an average rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$57.09.

H has been the subject of several research reports. National Bank Financial raised their price target on Hydro One from C$56.00 to C$61.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. BMO Capital Markets upped their price objective on shares of Hydro One from C$55.00 to C$58.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Royal Bank Of Canada raised their target price on shares of Hydro One from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. TD lifted their target price on shares of Hydro One from C$57.00 to C$58.00 and gave the stock a “hold” rating in a report on Thursday, May 14th. Finally, Jefferies Financial Group lowered shares of Hydro One from a “hold” rating to a “moderate sell” rating in a research note on Monday, June 1st.

Hydro One Trading Up 0.5%

Shares of TSE:H opened at C$52.91 on Friday. Hydro One has a 52-week low of C$48.22 and a 52-week high of C$60.57. The company has a debt-to-equity ratio of 154.61, a quick ratio of 0.30 and a current ratio of 0.88. The company has a market capitalization of C$31.75 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 3.17 and a beta of 0.35. The company has a 50-day simple moving average of C$57.07 and a 200 day simple moving average of C$57.63.

Hydro One (TSE:H) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.62 earnings per share (EPS) for the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%.The firm had revenue of C$1.23 billion for the quarter. Sell-side analysts forecast that Hydro One will post 2.0572195 earnings per share for the current year.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.3531 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, September 9th. Hydro One’s payout ratio is currently 57.31%.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.